Energizer Continues to Expand Resource On Way to Targeted 55 Million Tonne Resource on Green Giant Vanadium Project in Madagascar

Posted at 3:56 p.m. on January 1, 2010

Energizer Resources Inc. (formerly Uranium Star Corp.) (TSX.V: EGZ) (OTCBB:URST) (FRANKFURT:YE5) (“Energizer” or “the Company”) is pleased to report that the XRF results from the latest completed drill holes indicate that the Company continues to expand the resource on its 100%-owned Green Giant Vanadium Project in Madagascar.

During this phase of drilling, a total of 3,869 metres have been completed to date, bringing the total metres drilled on the property to 16,873 metres. This 2010 drill program will also include a number of step-out drill holes along the main vanadium trend to verify additional mineralized zones previously identified through trenching.

Manga Zone Continues to Expand

The Company continues to expand the Manga zone, which is located in the central part of the main 21-kilometres vanadium trend. Initial XRF results obtained from recently completed drill holes confirm continued vanadium mineralization in this zone.

The following are highlights of drill hole XRF readings. A complete table summarizing the XRF vanadium mineralization at a cut-off grade of 0.5% vanadium pentoxide ( V2O5 ) intersected during this stage of drilling follows at the end of this news release.

Hole MM-01 intersected 1.00% V2O5 over 55.5 metres

Hole M-56 intersected 0.99% V2O5 over 18 metres

Hole M-57 intersected 0.83% V2O5 over 12 metres

Hole M-58 intersected 0.79% V2O5 over 19.5 metres

Hole M-71 intersected 0.76% V2O5 over 40.5 metres

The Company continues to use Niton XL3t hand-held XRF instrumentation to gather readings on core samples with respect to vanadium content, as well as other elements. The Company cautions that XRF readings are not certifiable or recognized in any National Instrument 43-101 compliant resource calculation and variability can be seen when compared with subsequent assays from a registered laboratory. However, the Company has gained ample experience with XRF technology and expects that frequent calibration to registered standards have enabled it to obtain XRF readings which have a strong correlation to corresponding assay results.

Related drill core samples are being sent to Genalysis Laboratory Services for assaying and the Company looks forward to reporting the drill assay results as they become available. The Company will continue to report on XRF vanadium mineralization results from the field as they become available.

Current Phase of Drilling to Target 55 Million Tonne Resource

The Company’s target for the 2010 exploration program currently underway is to delineate 55 million tonnes of V2O5 . Based on the Company’s internal assumptions, which will be verified in a forthcoming preliminary economic assessment, 55 million tonnes is expected to represent a 20-year mine life. Based on these internal assumptions, the Green Giant mine is expected to produce an annual output of 14,700 tonnes of V2O5 per year, which would represent 14% of the world’s current annual output of V2O5 .

Vanadium…There Just Isn’t Enough

Energizer’s Green Giant project is being positioned to meet not only the 6% year-over-year increase in demand forecasted from the steel industry alone, but also the new demand expected from emerging battery storage applications.

According to Byron Capital Markets’ November 2009 Vanadium Report (the “Report”), companies such as Japan’s Subaru, China’s BYD Auto and the U.S,’s Valence Technology are developing and in some cases, will soon be producing vanadium-based batteries for electric vehicles. The same Report also recognizes the vanadium redox battery (VRB) as the leading viable solution to efficient large-scale energy storage. As more companies look to develop and produce vanadium-based battery chemistries, the Report anticipates the potential for rapidly increasing demand of V2O5 , which would exhaust current supply levels.

Vanadium Redox Batteries Now Moving into the Mainstream Green Power Market

This pairing is expected to accelerate the sales and interest of Cellstrom’s VRB technology and signifies the establishment of the VRB as a leading battery technology in the burgeoning energy storage market.

Cellstrom’s VRB, named the CellCube, is designed as a stand-alone storage solution for unstable power grids, capable of storing energy produced by solar panels and wind turbines for power delivery around the clock. To read more on the CellCube, visit www.gildemeister.com/ino/invite_intersolar_10/en/solutions.htm

The amount of V2O5 that will be needed for the production of these vanadium redox batteries cannot be met by the current supply of V2O5 . 100,000 units of a “CellCube 200” would require approximately 200,000 tonnes of V2O5 , which is approximately double the current annual world-wide supply of V2O5 . New vanadium projects, such as the Green Giant project, will need to come online in order to meet this new demand.

The Gildemeister/a+f acquistion of Cellstrom may be the tipping point for vanadium battery technology, as it will move vanadium-based batteries into the mainstream market of Green Power.

Energizer’s Green Giant project is positioned to meet this increase in potential demand and will provide the needed sureness of price and supply that companies such as Gildemeister, a+f and Cellstrom require in order to mass produce vanadium-based battery products.

Qualified Person

Craig Scherba, P.Geol., V.P. of Exploration and Director of the Company, is the qualified person for the geological information provided in this release. Taiga Consultants Ltd. is continuing to conduct the Company’s exploration activities on the Green Giant Vanadium Project and PEG Mining Consultants Inc. continues to provide engineering expertise for the project, including oversight of the metallurgical work currently underway at Mintek Laboratories in South Africa and SGS Laboratories in Canada, which will form the basis of a NI 43-101 compliant preliminary economic assessment for the project.

0.687

MM-01

7345950

503285

36.5

45.5

9

0.829

MM-01

7345950

503285

68

123.5

55.5

1.007

MM-01

7345950

503285

123.5

153.5

30

0.77

M-57

7345392

503203

44

56

12

0.83

M-58

7345391

503063

159.5

186.5

27

0.7

M-58

7345391

503063

162.5

182

19.5

0.79

M-58

7345391

503063

194

195.5

1.5

0.65

M-59

7345198

503127

80

104

24

0.62

M-59

7345198

503127

80

92

12

0.57

M-59

7345198

503127

92

96.5

4.5

0.85

M-59

7345198

503127

96.5

104

7.5

0.57

M-60

7345197

502986

212

219.5

7.5

0.74

M-62

7344997

503115

78.5

84.5

6

0.75

Forward-looking statements include, receipt of regulatory approval, statements on the proposed use of proceeds; completion of financing on terms proposed; the ability to raise additional funds as required; the development potential and timetable of the Company’s properties and minerals; the current and future price of minerals the Company explores; the estimated size of mineral deposits on the Company’s properties; the realization of those mineral deposit estimates; the timing and amount of estimated future exploration, development and production; costs of future exploration, development and production activities; success of exploration activities; government regulatory matters; discussion of political and environmental risks.

Forward-looking statements are based on the opinions and estimates of management of the Company. Forward-looking statements are subject to known and unknown risks that may cause actual results to be materially different from stated opinions and estimates of management. Some of the Company’s more material risks are: availability and timing of external financing; unexpected events and delays during exploration; receipt of government and stock exchange approvals; results of current exploration activities; future price of minerals; political risks in the locations of the Company’s properties; appreciation/depreciation of foreign currencies relative to the United States Dollar (the Company’s functional currency) and other risks inherent in the mining and exploration industry.

While Company’s management has attempted to determine the factors that could cause actual results to differ materially from estimated results contained in forward-looking statements, there may be other factors that cause results not to be as anticipated. The Company provides no assurance that such forward-looking statements will prove accurate or not materially different than projected. Therefore readers of this and other press releases issued by the Company should not place unreasonable reliance on stated forward-looking statements.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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